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Income Tax - Highlights / Catch Notes

Home Highlights June 2014 Year 2014 This

Recalculation of LTCG and sale of shares - AO does not have ...


Assessing Officer Lacks Authority to Alter Fair Market Value in Long-Term Capital Gains Calculations for Share Sales.

June 24, 2014

Case Laws     Income Tax     AT

Recalculation of LTCG and sale of shares - AO does not have power under the Income Tax Act to substitute fair market value for full value of consideration - AT

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